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Watches of Switzerland shares slump as Trump ups tariffs

City A.M. Friday, 1 August 2025 ()
Watches of Switzerland shares slump as Trump ups tariffsWatches of Switzerland saw its share price drop more than seven per cent in early trade as investors shied away from the effect of Trump’s sweeping new tariffs. On Friday morning, Trump announced a new tariff rate of 39 per cent for Swiss exports to the US – higher than the initial ‘Liberation Day’ tariff [...]
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News video: Trump's Emergency Trade Crackdown: Unleashes Massive New Tariffs on Dozens of Countries | Explained

Trump's Emergency Trade Crackdown: Unleashes Massive New Tariffs on Dozens of Countries | Explained 04:50

 President Donald Trump has announced sweeping new tariffs on U.S. imports from over 90 countries, with rates soaring as high as 41%. Citing emergency powers and national security concerns, Trump’s executive order targets goods ranging from coffee and textiles to steel and electronics. Major trade...

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